Retirement benefits

Employers that are in the process of soliciting deferral elections for their plans may wish to notify participants in order to make an informed decision on deferral election.

And the upper chamber is still considering cutting 401(k) catch-up funding for higher earners.

The tax plan would make itemized deductions less valuable so some retirees would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

With company perks being a key attraction and retention tool, here’s a list of some of the best ones innovative employers are offering.

Hot stock market is driving most of the growth but automatic enrollment is helping too.

Both defined benefit and defined contribution program overseers need to update their costs and strategies before January.

Workers often don’t aggregate old retirement savings plans at new jobs, leaving behind orphaned accounts that need attention.

Carriers need to focus their digital efforts on education to attract younger clients, says Amy Friedrich of Principal Financial Group.

After noticing that workers were borrowing against their 401(k)s, the insurer launched a fiscal wellbeing program to address their money woes.

Workers should learn to reduce their housing, transportation and food costs, cut unnecessary expenses, and develop the habit of packing their lunch to work.